Allenergy Inc. Acquires Two Leases in
Kansas
INDEPENDENCE, Kan., Nov 27, 2007 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a
17-year history in the oil and gas industry and current
involvement in the multi-billion dollar natural gas
fields in Kansas and Oklahoma, today announced the
acquisition of the 280 acre Kelso (Roper) lease in
Montgomery County, Kansas and 97 acres in Chautauqua
County, Kansas.
The Kelso lease has six completely equipped wells,
disposal well with pump and a complete tank battery.
This lease is currently producing 3 BOPD from two of the
six wells. Rex Horning Well Service will dispatch one
work over rig to begin the remedial work next week. The
current production will provide a ROI in ten months,
however after the Company's production department
reworks these wells and expects the ROI will be within
six months.
Most of this acreage is located on the Longton
Anticline and has NEVER been drilled due to rock bluffs
preventing access to the top of the Anticline and also
the landowner would not allow right of way from the top
coming from the west. The landowner that owns this land
is Allenergy's Ball lease and Allenergy will have the
right of way to drill this untouched acreage. This
acquisition was purchased from revenue.
The 97 acres in Chautauqua County purchase is an
extension of Allenergy's West Thorne. Allenergy needed
this addition to continue our acquisitions of attractive
geology leases for which larger companies are desirous.
This acquisition was purchased from revenue.
Allenergy's G-4-17 new well has been completed in the
Mulky formation as scheduled. It is maintaining 90 PSI
on the casing with the 4 1/2 casing full of water which
is incredible as it has not been pumped. The entire Ball
lease is shut in because the original tank battery can
no longer manage the tremendous fluid and gas flow
generated from the G-4-15 and the rework of other
original wells. A new gas separator and gun barrel have
been installed and large enough to remedy the current
problem and to handle the production for several wells
that will be drilled. The lease will be back in
operation by Thursday and the transports have been
ordered to pick up the oil.
The original natural gas measuring device on the Ball
lease was the charted type that was less than adequate
in measuring the mcf to determine the compensation to
the company. A sophisticated digital measuring device
called Totalflow has been installed and records the
precise mcf per day.
"We are extremely excited to be able to produce this
Mulky well because of the preliminary indications show
this formation to be of virgin quality," said Larry
Sanford, President.
About Allenergy: Allenergy, Inc. (OTC: ALRY) is
strategically focused on areas of Kansas and Oklahoma
believed to contain more than 1.5 trillion cubic feet of
natural gas and helium at shallow depths. The Company
currently holds approximately 7,000 acres of leased land
with more than 150 oil and gas wells on its producing
properties.
For more information about the Company, please visit
http://www.allenergyinc.com
Note: Certain statements in this news release may
contain "forward looking" information within the meaning
of rule 175 under the Securities Act of 1933 and Rule
3b-6 under the Securities Act of 1934 and are subject to
the safe harbor created by those rules. All statements,
other than statements of fact, included in this release,
may include forward-looking statements that involve
risks and uncertainties. There can be no assurance that
such statements will be accurate and actual results and
future events could differ materially from those
anticipated in such statements.
Allenergy, Inc.: 877-277-8171.
E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.
URL: http://www.allenergyinc.com/
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